Dell Technologies released the results from a global commissioned study conducted by Forrester Consulting, which shows most businesses in Asia Pacific & Japan (APJ) are struggling with the proliferation of data.
Instead of offering a competitive advantage, data has become a burden due to an array of barriers: a data skills gap, data silos, manual processes, business silos, and data privacy and security weaknesses. This ‘Data Paradox’ is driven by the volume, velocity and variety of data overwhelming businesses, technology, people, and processes.
The findings are based on a survey of more than 4,000 decision-makers from 45 countries globally including 1000 respondents from nine countries across APJ(Australia, India, Indonesia, Japan, New Zealand, Singapore, South Korea, Thailand, and Vietnam). The study builds on the Dell Technologies Digital Transformation Index research, which assesses the digital maturity of businesses around the globe. The new Digital Transformation Index revealed that “data overload/unable to extract insights from data” was the second highest ranking barrier to transformation in India, up from 12th in 2016 (Global &APJ: 3rd, from 11th& 12thplacein 2016, respectively).
“We have been dwelling in an era where the business landscape has transformed like never before. Data deluge is one of the many challenges businesses are facing while managing and processing the volume of data being generated. In fact, 55% of business in India believe that the pandemic has increased the amount of data they need to collect, store and analyze. This is forcing businesses to take a deeper look at their data management strategy”, said Ripu Bajwa, Director & General Manager, Data Protection Solutions, Dell Technologies, India.